Bill - thanks for the quick response. Bill asks...
(have you been) riding the same SRAM 971 chain for 18 years, and you actually ride the bike a decent amount, (if so) your entire drivetrain is likely toast. Is that what's going on? Or, do you replace your chain frequently, and the noise never changes?
I can't recall whether I've had that same chain in use on that bike for 18 years. I regularly clean and lube it and check the chain wear with a Park chain gauge.
Have you tried riding your bike with different pedals?
Yes, and it has still occurred over the years.
Have you tried riding your bike with a different rear wheel?
No, this bike has always had that same rear wheel, a Shimano Dura Ace hub, a Velocity OC rim, and Wheelsmith spokes. I've removed, cleaned, and re-lubed the rear axle several times over the years and I've never noticed any uneven wear on the bearing races.
Is the noise the same regardless of which front chainring you are in?
The crank has a Velo Orange Cru with 48/34 chainrings. It originally had a TA Syrius crankset with similar chainring sizes and it did the same thing then. Because of the relatively flat terrain in NE Illinois I ride in the larger 48 tooth chainring 95% of the time. The small chainring is only used for longer steep climbs such as ones up from river bottoms to ridges at the top.
Have you pulled the crank arms of and checked the BB bearings?
The BB on this bike now is a Phil Wood and it has never given any indication of a problem. I have pulled the crank arms of, as you say, on occasion when I noticed a different kind of clunking noise (though quieter) and found that the fixing rings were loose. I took care of that problem with LocTite and it has not occurred since. The original BB was an Axxis and the clunking noise was present even then.
Sometimes, a headset problem can feel like drive train noise.
The headset on this bike had indeed indexed a number of years ago, but I swapped it for an IRC roller drive and it's been fine ever since.
If you don't want to dive into iterative and time-consuming diagnostics, have a mechanic you trust look into it,
Don't know of one in the area. Mostly just guess-work types who try to swap this out for that, sometimes with success and other times not..
Nevertheless, thanks for your diagnostic suggestions, Bill. Are you in SE Michigan these days or back in NoCal?